Silicon Labs posts 20% revenue growth as Texas Instruments acquisition looms

Silicon Labs (NASDAQ:SLAB) delivered a strong top-line performance for the first quarter of 2026, even as the company enters a period of corporate transition following the announcement of its acquisition by Texas Instruments.

For the quarter ended April 4, 2026, the Austin-based leader in secure, intelligent wireless technology reported revenue of $214 million, representing a 20% increase compared to the same period in 2025.

The growth was led by the Industrial & Commercial segment, which saw revenue climb 33% year-over-year to $128 million.

The Home & Life segment also contributed to the gains, with revenue rising 5% to $86 million.

On a non-GAAP basis, Silicon Labs reported diluted earnings per share (EPS) of $0.53, supported by a non-GAAP operating income of $18 million and a healthy gross margin of 59.7%.

However, GAAP results reflected the costs of ongoing strategic shifts and acquisition-related factors, resulting in an operating loss of $17 million and a GAAP diluted loss per share of $0.48.

In light of the pending acquisition by Texas Instruments (NASDAQ:TXN), Silicon Labs has suspended its financial guidance and will not be hosting a follow-up conference call.

The deal, which aims to integrate Silicon Labs’ specialized wireless connectivity expertise with TI’s massive industrial and automotive reach, is subject to customary closing conditions and regulatory approvals.